CNN —
Patrick Soon-Shiong, the billionaire who purchased the Los Angeles Times for $500 million in 2018, said Monday he is taking the ailing newspaper public.
Speaking on “The Daily Show,” Soon-Shiong told host Jon Stewart the newspaper will take the company public over the course of the next year. The billionaire did not clarify when that would happen.
“We literally are going to take the LA Times public and allow it to be democratized and allow the public to have the ownership of this paper,” Soon-Shiong told Stewart. “We think over the
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